Ontario Introduces Solvency Funding Relief for Pensions
Pensions and Benefits Bulletin
July 2009
The Ontario Government introduced temporary relief from solvency funding requirements in late June, 2009 for employers with defined benefit pension plans, retroactive to September 30, 2008. The changes were made in response to the sudden and sharp deterioration in solvency funding levels of pension plans at the same time as many employers are themselves experiencing significant business challenges.
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